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	<title>Digital Daily &#187; 1945</title>
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	<link>http://digitaldaily.allthingsd.com</link>
	<description>by John Paczkowski</description>
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		  <title>All Things Digital</title>
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		<title>Econalypto: A Rightsizing Roundup</title>
		<link>http://digitaldaily.allthingsd.com/20090127/econalypto-redux/</link>
		<comments>http://digitaldaily.allthingsd.com/20090127/econalypto-redux/#comments</comments>
		<pubDate>Tue, 27 Jan 2009 13:24:19 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Digital Daily]]></category>
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		<category><![CDATA[IBM]]></category>
		<category><![CDATA[job losses]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=11922</guid>
		<description><![CDATA[With IBM quietly contributing another 2,800 or so employees to the next Bureau of Labor Statistics Unemployment report, this seems like a fine time to pay respects to those who’ve gone before them. And there are many. In the past six months, thousands of workers have been right-sized and offboarded. Rebalanced and rationalized. “Smartsized.” Sacked. A quick scan of the carnage.]]></description>
			<content:encoded><![CDATA[<p><a href="http://digitaldaily.allthingsd.com/files/2008/12/econalypto.jpg" rel="lightbox"><img src="http://digitaldaily.allthingsd.com/files/2008/12/econalypto-202x300.jpg" alt="" title="econalypto" width="202" height="300" class="alignright size-medium wp-image-8951" /></a>With <a href="http://digitaldaily.allthingsd.com/20090127/so-much-for-ibms-lifetime-employment-concept/">IBM quietly contributing another 2,800 or so employees to the next Bureau of Labor Statistics Unemployment report</a>, this seems like a fine time to  pay respects to those who&#8217;ve gone before them. And there are many. In the past six months thousands of workers have been right-sized and offboarded. Rebalanced and rationalized. &#8220;Smartsized.&#8221;   </p>
<p>Sacked.</p>
<p>A quick scan of the carnage.</p>
<ul>
<li> <a href="http://digitaldaily.allthingsd.com/20090126/sprint-nextel-to-cut-8000-jobs-palms-hopes-for-a-comeback/">8,000</a> whacked at Sprint (S)</li>
<li><a href="http://digitaldaily.allthingsd.com/20090126/philips-to-release-6000-employees-into-wild/">6,000</a> let go at Royal Philips (PHG)</li>
<li><a href="http://digitaldaily.allthingsd.com/20090116/amd-putting-the-micro-back-in-advanced-micro-devices/"> 1,100</a> sacked at AMD (AMD)</li>
<li><a href="http://digitaldaily.allthingsd.com/20090114/well-motorola-picked-a-great-time-to-announce-more-layoffs/">4,000</a> adjusting to new economic realities at Motorola (MOT)</li>
<li><a href="http://digitaldaily.allthingsd.com/20090112/seagate-defrags-ceo/">3,000</a> laid off at Seagate (STX)</li>
<li>And <a href="http://digitaldaily.allthingsd.com/20090112/oracle-layoffs-hundreds-not-thousands/">a few hundred</a> at Oracle (ORCL), as well</li>
<li><a href="http://digitaldaily.allthingsd.com/20090108/there-once-was-man-named-dell-who-told-1900-workers-go-to-hell/">1,900</a> declared redundant at Dell (DELL)</li>
<li><a href="http://kara.allthingsd.com/20090122/microsoft-earnings-and-revenues-take-a-big-hit-5000-to-be-laid-off/">5,000</a> losing their jobs at Microsoft (MSFT)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081212/alcatel-lucent-lets-get-small/">1,000 managers and 5,000 contractors</a> pink-slipped at Alcatel-Lucent (ALU)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081209/yahoo-lets-eat-and-drink-for-tomorrow-your-jobs-die/">1,500</a> gone at Yahoo (YHOO)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081204/att-announces-q4-morale-reduction/">12,000 released into the wild</a> at AT&#038;T (T)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081203/adobe-announces-q4-morale-reduction/">600</a> cut loose at Adobe (ADBE)</li>
<li><a href="http://digitaldaily.allthingsd.com/20081114/sun-to-stop-christmas-from-coming/">6,000</a> aligned with the global economic climate at Sun (JAVA)</li>
<li>And at Nortel (NT) <a href="http://digitaldaily.allthingsd.com/20081110/nortel/">1,300 positions</a> cut on top of the 1,200 previously announced</li>
</ul>
<p>Grim isn&#8217;t it? Sad thing is, this is just a simple snapshot of what&#8217;s been happening in tech. According to the Department of Labor, employers in the states shed 524,000 workers in December, 2.6 million in all of 2008. That makes the last year the worst for layoffs since 1945, when 2.75 million jobs were lost.  And that&#8217;s frightening, because according to some experts, we&#8217;ll get no respite in 2009. &#8220;We are very early in the cycle,&#8221; <a href="http://www.businessweek.com/bwdaily/dnflash/content/jan2009/db20090126_509671.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis">Peter Morici, a professor at the Robert H. Smith School of Business at the University of Maryland told BusinessWeek</a>, adding that we&#8217;ve so far only seen a sliver of the job losses to come. &#8220;We are going to see the fury of the Old Testament for what we have done to the economy.&#8221;</p>
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